Pelosi predicted Wednesday that a presidential nominee will emerge in the week after the final Democratic primaries on June 3, but she said "I will step in" if there is no resolution by late June regarding the seating of delegates from Florida and Michigan, the two states that defied party rules by holding early primaries.

"Because we cannot take this fight to the convention," she said. "It must be over before then."

Pelosi made the comments during a wide-ranging hourlong session with The Chronicle's editorial board. She talked about the prospects for the election of a Democratic president this fall, the legacy of President Bush and the California Supreme Court's ruling legalizing same-sex marriage.

The speaker talked in depth about the party's dilemma as its primary process comes to a close after Sunday's Puerto Rico primary, in which 55 delegates are at stake, and Tuesday's South Dakota and Montana primaries, in which 33 total delegates are up for grabs.

Obama, according to the Associated Press, is within 45 delegates of winning the nomination, a number he could reach by Tuesday. Pelosi said she is confident the Democratic National Committee's rules committee, which meets in Washington on Saturday, will resolve the issue of Florida and Michigan.

Magic number

"For now, 2,026 is the magic number" of pledged and unpledged delegates needed by a candidate to win the party's presidential nomination, she said, but "if they decide to seat (Florida and Michigan) this weekend, there will be a new magic number."

While saying she believes those two states' delegates should be seated, Pelosi added that it must happen ''in a way that is not destructive to any sense of order in the party."

"If you have no order and no discipline in terms of party rules, people will be having their primary in the year before the presidential election," she said. "So there has to be some penalty."

She said the party committee will come up with a formula that is "fair and accepted by both campaigns," perhaps allowing the states 50 percent of their delegates. But "if the resolution is not appropriate, then it remains for the (Democratic National Convention) credentials committee to resolve it," she said. Then, "it will have to happen by the end of June" or she will intervene, she said.

Pelosi said she has not been in contact with the Clinton or Obama campaigns on the matter because "I think it is all going in the right direction" and will be resolved "in an orderly fashion" as early as next week.

'Positive experience'

Despite the prolonged and often divisive primary process, Pelosi said it has been "a very positive experience" for the Democratic Party because of "millions of people who are attracted to this campaign, ... Hillary and her message, and the same thing for Barack Obama and his appeal."

"We will benefit from it in November," she said, predicting the party will be unified behind its standard bearer, whether it is Obama or Clinton. "People are already saying to me: I'll be ready - as soon as we have a nominee - to come around."

"(They) know at the end of the day we cannot have a Republican president, four more years of George Bush, tax cuts for the wealthy, a war without end - the list goes on and on," she said.

Pelosi, the nation's first female speaker of the House, said she is keenly aware of efforts, reported in The Chronicle this week, of the San Francisco political action committee, WomenCount, which is running full-page newspaper ads headlined "Not So Fast!" - warning against what it calls premature efforts to push Clinton from the race and crown Obama the party's nominee.

Susie Tompkins Buell, a longtime Clinton friend and one of the effort's organizers, said Wednesday the committee has raised $400,000 in the past 10 days from women across the country determined to make the case for Clinton all the way to the convention.

"God bless their enthusiasm," said Pelosi of the effort. "These women are fabulous, and I know many of them very well." But, she said, while "we all want to see a woman president ... they want me to be the chair of the convention, who is neutral. And yet they want me to be for Hillary Clinton."

But the speaker said that activist women who make up Clinton's supporters, blue-collar voters and Obama backers will come together when they realize they "have the most to lose by a Democratic defeat."

And she said voters, too, will be energized by the party's "progressive economic agenda to grow our economy, for real initiatives on health care," education, infrastructure, housing and other key "kitchen-table issues."

"We just won three special (House) elections that the GOP never thought they would lose in a million years," Pelosi said, referring to recent congressional races in Illinois, Mississippi and Louisiana.

"(Republicans) tried to make it about me and San Francisco values. They don't have a message," she said. "It's going to be a very bad year for Republicans."

Pelosi addresses wide array of issues

On the new book by former White House spokesman Scott McClellan, who charged that the Bush administration bungled the Iraq war and failed to act quickly enough after Hurricane Katrina: "I totally agree ... this war is a big lie. It was a lie to begin with, and it continues to be a lie ... at some point, maybe the lies just got too heavy for him to carry."

On the California court ruling upholding same-sex marriage: "I've always been in favor of it. ... I'm excited about the new poll (showing most Californians support it) and I just hope that can be sustained and we can just put this thing to rest." Republicans "will try to use it in the rest of the country" during the election, but voters are "tired of people who will take you to war and get you involved in (these) cultural battles. ... They want to know: 'Are you getting me a job?' ... They're tired of these cultural issues being the currency of the realm."

On President Bush: "This president has caused great harm to America, and I say this with great sadness, because coming in as speaker, I'd hoped we could work together. ... He has refused to listen to the American people, (has shown) a tin ear to the American people, a blind eye to what was happening in Iraq. ... This president will go down in history as the worst, whether you're talking about jeopardizing our national security... (or) the worst record of job creation."

On presumed GOP nominee Sen. John McCain: "He was in the right place on immigration, and he reneged; he was in the right place on the president's tax cuts, and now he's changed his mind. I'm hoping that he doesn't change his mind on the global warming issue ... but I can't even think of a Republican president. It's simply not going to happen."